VeriSign, Inc. (NASDAQ:VRSN) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC increased its holdings in shares of VeriSign, Inc. (NASDAQ:VRSN) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,361 shares of the information services provider’s stock after buying an additional 381 shares during the quarter. EntryPoint Capital LLC’s holdings in VeriSign were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its position in shares of VeriSign by 47.0% in the fourth quarter. LPL Financial LLC now owns 47,376 shares of the information services provider’s stock worth $9,805,000 after acquiring an additional 15,147 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of VeriSign in the 4th quarter valued at $22,285,000. AXQ Capital LP acquired a new stake in shares of VeriSign during the 4th quarter worth $977,000. Sei Investments Co. raised its position in shares of VeriSign by 75.2% in the 4th quarter. Sei Investments Co. now owns 106,766 shares of the information services provider’s stock worth $22,096,000 after buying an additional 45,830 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in VeriSign by 43.9% in the fourth quarter. Mizuho Securities USA LLC now owns 7,833 shares of the information services provider’s stock valued at $1,621,000 after acquiring an additional 2,390 shares during the last quarter. 92.90% of the stock is owned by institutional investors and hedge funds.

VeriSign Stock Up 0.2 %

Shares of NASDAQ:VRSN opened at $245.81 on Wednesday. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 30.73 and a beta of 0.87. The company has a 50 day moving average of $227.92 and a two-hundred day moving average of $203.24. VeriSign, Inc. has a 52-week low of $167.05 and a 52-week high of $247.47.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings results on Thursday, February 6th. The information services provider reported $2.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.00. VeriSign had a net margin of 50.47% and a negative return on equity of 43.01%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VRSN. StockNews.com downgraded VeriSign from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Baird R W upgraded shares of VeriSign from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Robert W. Baird upgraded shares of VeriSign from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $250.00 in a research note on Monday, December 9th. Finally, Citigroup lifted their target price on shares of VeriSign from $246.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, February 4th.

Insider Buying and Selling at VeriSign

In other VeriSign news, SVP John Calys sold 447 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $231.75, for a total transaction of $103,592.25. Following the sale, the senior vice president now owns 23,735 shares in the company, valued at $5,500,586.25. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by insiders.

VeriSign Company Profile

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.